13 Loints a. Sales and production data for these first two years follow. Units Units produced Units sold Year 1 51,000 30,000 Year 2 51,000 72,000 hot indicate completion. Return to question b. Variable costs per unit and fixed costs per year are unchanged during these years. The company's $49 per unit product cost using absorption costing consists of the following. Direct materials Direct labor Variable overhead Fixed overhead ($459,000/51,000 units) Total product cost per unit $ 14 21 5 9 $ 49 c. Selling and administrative expenses consist of the following. Selling and Administrative Expenses Variable selling and administrative ($1 per unit sold) Fixed selling and administrative Total Required: Prepare income statements for each of these two years under variable costing. Note: Loss amounts should be entered with a minus sign. Year 1 $ 30,000 245,000 $ 275,000 Year 2 $ 72,000 245,000 $ 317,000